In the dock: Echoes of the decade-old CMA CGM Libra grounding still resonate

“It is incredible to think that the momentary decision of a master to pass Xiamen channel buoy 14-1 to port, the circumstances that led up to that decision and consequences that followed, are still being debated some 10 ½ years later and yet, here we are, having waited with bated breath for the supreme court to hand down one of the industry’s most hotly anticipated judgments of recent times.”

So write Claire …

The post In the dock: Echoes of the decade-old CMA CGM Libra grounding still resonate...

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Market Insight: Claw sharpening – Mærsk & Asia M&A, K+N CEO and more

There has been lots on Premium‘s (logistics) plate since last Friday.
From strongly rumoured interest by AP Møller-Mærsk (APMM) in Asian deal-making to Kuehne + Nagel initiating managerial changes, via Worldwide Flight Services affairs and the latest radio silence concerning CH Robinson + BDP International… as well as, take a breath… a slew of other side (Toll Group) chats that were unmissable for all supply chain Bengal baby tiggers like us.
Also …

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Against the odds: Of Ceva, taxes and death

As the old saying goes, in life nothing is certain except death and taxes.
Then enter Ceva Logistics.
Serious business
Having sifted through the interim results of the CMA GCM group released last Friday, we can easily wonder if its 3PL arm Ceva, for which disclosure is minimal, is perhaps still doing too much business that it wouldn’t be doing if it were focused only on profitable accounts.
That’s implied in its ebit margin …

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Market insight: Kuehne + Nagel CEO’s legacy – good fortune for one ‘good chap’

At least you cannot say we didn’t try hard enough.
Here it comes 
Today’s news that CEO Detlef Trefzger (pictured below) is stepping down as CEO of Kuehne + Nagel (K+N) for “private reasons” shouldn’t shock anybody.
The wording of the release and its heading were peculiar, in that K+N “initiates top management changes” could mean this is just the beginning. So, the “who’s next?” game is officially on.
Background
It was December 2018 when …

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Supply chain radar: The box lines Super League – risking world trade?

(Note to the reader: Mr Hidden Lead, a senior executive from the global logistics community, had something to say this week. Something so strong that it couldn’t possibly pass unnoticed. If you disagree with what follows, we invite you to submit your rebuttal. You can get in touch with Premium here.)
TWELVE global football super powers (well, some more “global” than others) were taught a painful lesson this week, when their pursuit …

The post Supply chain radar: The box lines Super League –...

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M&A radar: Base case – DSV Panalpina, the next target of DSV Panalpina

Certain private exchanges ahead of what is arguably a defining week for the staggering stock market tale of DSV Panalpina (DSV PAN) are priceless.
What’s at stake
Play up expectations again when the interims come out next Tuesday, without acting promptly (February 10: this should ring a bell), and shareholder value is at risk.
Try to convince the rest of the T&L world and investors that you know how to play the organic …

The post M&A radar: Base case – DSV Panalpina, the next target of DSV...

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Snapshot: Jubilant shipping lines set for record ’21 – but it won’t last forever…

The numbers for the liner industry are in and boy did it have a vintage year – the best that Drewry has records for, according to the consultant’s Q1 ’21 forecaster.

It estimates – and I think we can be pretty confident in the figures at this point – a 2020 ebit for the industry at $26.6bn, with the...

https://theloadstar.com/snapshot-jubilant-shipping-lines-set-for-record-21-but-it-wont-last-forever/

Analysis: ORBCOMM buyout – short odds on a bidding war?

The track and trace of a satellite firm (and why it matters to logistics)?
‘Detour risk’
Well, first off, the de-listing of Internet-of-Things firm ORBCOMM via a buyout may take a detour.
It received a $1.1bn bid, including net debt, on 7 April – the deal was disclosed the following day – from private equity house GI Partners. But so far that’s where the good news for its shareholders may end if the …

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https://theloadstar.com/analysis-orbcomm-buyout-short-odds-on-a-bidding-war/

Market Insight: Who’s really behind the multi-billion dollar claim against DSV?

The lawsuit against DSV, in which the Danish forwarder is potentially on the hook along for several billions of dollars in damages, has taken an interesting twist.
(Our previous coverage is here, background; and here)
A quick recap
Last year, North American Sugar Industries filed a lawsuit claiming that DSV (now DSV Panalpina), along with BBC Chartering, had used a port it had owned in Cuba, but which was expropriated by the Cuban government …

The post Market Insight: Who’s really behind the...

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